Hartleys, founded in 1955, is a leading Western Australian-based stockbroking, corporate finance, institutional dealing and wealth management firm with Funds Under Management (FUM) exceeding $1 billion.
Euroz was established in 2000 and quickly established itself as a dominant force in institutional dealing, research and corporate finance for the last twenty years. Euroz has grown this team organically and via acquisition with the intention of broadening our wealth management offering. The acquisition of Blackswan Equities in 2014 and Entrust Wealth Management in 2015 provided significant platforms for growth in wealth management.
Euroz Executive Chairman, Andrew McKenzie, commented: “Hartleys has an excellent reputation as a leading stockbroking, corporate finance, institutional and wealth management business. Combining our firms will create a dominant Western Australian based financial services company. Euroz and Hartleys are highly complementary to one-another and our merger will create a financial services company with a strong balance sheet, critical scale, solid and sustainable revenue with significant cost and operational synergies. The merger of the two businesses will deliver a positive outcome for clients and shareholders alike”.
Hartleys Executive Chairman, Ian Parker, said: “The merger of Euroz and Hartleys provides an opportunity to build on our strong history of providing exceptional service to our clients. The combination of the two firms offers the chance for our entire team to expand our service offering to clients and we are confident in our ability to successfully integrate both businesses and leverage the cultures of both to create a significant stockbroking and wealth management business with a bright and prosperous future.”
Euroz Hartleys aims to be:
Originally founded and listed in 2000 as a stockbroking business, through organic growth and successful acquisitions we have grown to become one of the largest Western Australian financial advisory firms. On 8 October 2020 Euroz completed the acquisition of Hartleys Limited. The business has been rebranded as Euroz Hartleys. The businesses will continue to operate as separate AFSL’s until we merge the two businesses in April 2021. The Group has over 190 employees in our offices in Perth and has a national and international client base and large distribution network. Our goal is wealth creation through sound financial advice and appropriate investment strategies to our retail, wholesale and corporate clients.
Across our companies Euroz Hartleys Limited, Euroz Hartleys Securities Limited, Entrust Wealth Management and Westoz Funds Management we service over 24,000 clients with funds under management exceeding $2.8 billion. Our specialist focus is on ASX listed resource, energy and industrial companies with a market capitalisation of between $5 million and $5 billion. Euroz has demonstrated consistent revenue growth, retained a solid balance sheet with no debt and has a track record of strong shareholder returns. Over 20 years we have paid more than $224 million in fully franked dividends to our shareholders.
Our business is led by an experienced, stable Board and management team which has a substantial stake in the Group.
Funds under management
As at 31 October 2020